Halfords bucks the trend

Halfords focussed on maximising sales and increasing cash profitability but some dilution of gross profit percent has occurred primarily due to sales mix.

Sales increased by 4.7 per cent over the equivalent period in 2004 and like-for-like sales increased by 2.6 per cent.
Ian McLeod, Chief Executive, said “We are pleased that adherence to our growth strategy, underpinned by our unique service proposition, has continued to deliver a positive trading performance against strong comparatives last year. As has been widely reported, this is a
challenging retail environment, but our resilience in the first six months continues to give us confidence for the second half”.

RELATED ARTICLES